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Question G - Calculation Questions (20 total marks) Part 1 - Calculation Question (10 marks) Using the following worksheet format, assign costs to the inventory

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Question G - Calculation Questions (20 total marks) Part 1 - Calculation Question (10 marks) Using the following worksheet format, assign costs to the inventory transferred out and the ending inventory using the FIFO method. The percentages indicate the amount of work still to be completed on the inventory. Show your calculations for full marks HRM 422C (001) Test #1 - (Fenn) FFO Method Uhts Bolas Dred Material Conersen Loss Beginning Up 151 0,00 3.000 14.000 Dired Waterial Converse Costi 1,001 131000 16.000 Scompleted 5. Started and Completed 48 10% 58 Pit 1015 1,000 Per Unt Lasered Costs Added to begining WP Transfer from Bag WIP Started and Completed Total Transfermed Out Ending WIP 31'3+82" 01'0+02 FIFO Method Direct Material Conversion Costs Beginning WIP Started Units Dollars Direct Material Conversion Costs 450 50,000 36,000 14,000 550 80,000 40,000 40,000 1,000 130,000 75,000 54,000 % Completed 450 0% 40% 350 100% 100% 200 100% 50% 1,000 Beginning WIP A1 AZ Started and Completed B2 B1 al Ending WIP 02 Per Unit D E A1*D + A2%E Assigned Costs Beginning WIP Added to Beginning WP Transfer from Beg WIP Started and Completed Total Transferred Out Ending WIP B1*D+B2%E C1*D+C2 *E

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